Bitcoin Forum

Guys what you think will happen if many countries ban Bitcoin ???

Countries do not want to ban them, sooner or later they will have to accept it, because there are many ways to continue with that market without any follow-up.

If ever that many countries would ban bitcoin, its price would fall back down due to the reason that the trade and volume makes its price grow that up high, and the community itself will decrease so do the coin.

Bitcoin existence and progress does not depend on any government, So banning of Bitcoin will not have any  long term effect on Bitcoin.

I originally thought that if a lot of countries came together this would mess up bitcoin but now I am thinking first that is not too likely given each government has their own wants and needs. And second but more importantly you are gonna try shutting down the internet and throwing everybody in jail? Good luck I don't foresee it happening, although if it did happen I would understand why.

There is going to be a divide between bitcoin users, some are going to keep holding and some will sell, this will make the price of bitcoin to go down temporarily, but eventually bitcoin will begin to make a comeback and governments will understand they will have no other choice but to accept bitcoin and try to regulate it but by that time it will be too late since people will feel the weakness of the governments.

The price will fall. It's pretty clear, supply and demand and all that. Banning means price falls and supply momentarily increases as people dump their coins, hence price falls.

If many countries ban bitcoin its price will have a free fall because lots of people would walk away by taking their investments and get out of crypto market, hope it never happens.

Cryptos will become a fringe plaything. Most law abiding citizens will choose to follow the rules, even if they don't make sense. Like Jamie Dimon said, Bitcoin will be used by criminals and libertarians and nobody else.

It will be bad for Bitcoin, the first things that going to happen is there will be panic sell and dumping, so it will caused the price to fall down sharply, and with the banning situation it will be hard for most people to do transaction, if all country banned Bitcoin then it can be the end of bitcoin

There is only one question.. if they all decide to do exactly the same, then a lot of people will try to figure out how the hell to try to use it.

Anyway, we are going to find a way out to keep using bitcoin or cryptocurrencies, just like it is happening right now.

The American people who is not allowed to invest in ICO's, are still doing it so by other ways, there is always a path to still do it, so i do not understand why you are really asking that.

This will probably never happen in most countries. There is already so much money invested in cryptocurrency, it would be very difficult for governments to ban it.

What will happen is in my opinion difficult to predict. We all have opinions but i think its can go certain ways. As you can follow in recent news its a fact that big banks are already investing in cryptocurrency big time so that will make it even more difficult. Governments want to regulate it and when they realize thats almost impossible they going to tax it hehe time will tell  :o

First i will say that country or government will not ban bitcoin wothout any reason and never many country will ban bitcoin. Dont worry about that.
However, bitcoin can be dropping so much in price if many government decide to ban bitcoin.

Bitcoin will eventually collapse if most of the countries will ban it,but it wont be a problem if they only regulate its use.

If many countries ban btc than people would lose interest making the fall in btc price and cashing it out would be very hard,

At first law enforcement agencies claim that because of its anonymity, criminals are able to get away with a lot of crimes but nowadays they are able to track bitcoin transactions with some ease so I don’t think this is not going to be the reason why people are going to ban bitcoins. There is not going to be a global ban on bitcoin at all.

It is not like we have major adoption yet either and only a handful of countries have banned bitcoin, so at this time I do not think bitcoin will be that affected by a ban, and once the rest of the citizens begin to adopt bitcoin they will have no option but to regulate it or they risk that many of those citizens decide to keep their bitcoin anyway.

since I saw bitcoin on the currency site, I think bitcoin will be even more popular.
may be banned because it still can not be used by many people.
not many people know about bitcoin in my country. not many people have learned about bitcoin yet. let alone for previous generations, probably because that would make them ban bitcoin. if bitcoin is banned in many countries, just use bitcoin in a country that legalizes bitcoin lol
oh, or maybe it should be on sale soon ;D

It can happen because nothing is impossible in life so work hard now and save some money while you can ,if that happen the bitcoin will no longer can be use by many people but still it give so much conveniece now so don't think like that and always think positive like move forward to earn money for the safety of your future and to secure it.

It's like a disaster. If that happens then the price of cryptocurrency will fall down deeply. Massive dump. That will be the beginning of the destruction of cryptocurrency. Hope it does not happen. So far the government has realized that cryptocurrency has a positive impact, but has not been able to overcome the negative impact that may occur.

If this happens it will be a mess in the crypto market. As much as they say that bitcoin is decentralized and independent, people are still hostage to their repressive governments

What we need is the confidence to choose bitcoin, can not imagine if many countries will ban bitcoin. The lower the price because people are selling bitcoins to keep them in prison by their country, I have a suggestion we should not stay silent on this issue, we have the right to vote as good citizens.

This is a possibility, and i worry about that. In this situation governments all around the world could create a common currency, widely accepted and regulated. After this we can say good bye for descentralization and deflationary ideas.

As you have seen in the days before China and Korea had policies to limit the development of crypto in their countries, the market began to rebellion. Many investors fear to sell everything they own, if all countries banned Bitcoin, it may end.

If there are too many countries ban Bitcoin and after that those countries which the Bitcoin has not banned and the economy will prosper so much. They will unban Bitcoin and they will join other countries who accept Bitcoins. Bitcoin is the newest electronic currency and the world needs to accept changes.

If countries with a strong economy will ban bitcoin and crypto in general, it will be very bad. If not the end for all crypto, then at least there will be a very long stagnation. I do not think that this is possible, but if so, then the ban will only be until they find a suitable option for introducing the crypto currency into the economy, without prejudice to the government.

If many countries banning Bitcoin are bad things will happen, Bitcoin will be at risk because many investors will sell and abandon it. Bitcoin prices can go down quickly in a short time.

Even if that is the case be prepared for those arguments to be used against bitcoin, politicians have no problems telling lies and deceiving the public to get what they want, there are so many examples of that that is a cliché that politicians are a bunch of liars that cannot be trusted, the only issue is if they are going to be able to enforce the ban and to me that is impossible.

If many countries ban bitcoin, it can affect to its value because many investors will not invest it and bitcoin value will going down and hard to rise up again. But it is impossible to be happen that many countries will ban it. Instead they accept it for a faster transactions.

I think this is not possible, but if that happens, we can trade by going over the wall to another country's IP address. Bitcoin can make transactions as long as it has the Internet.

I think if it will happen bitcoin will slowdown its rate because of the demand and supply.Based on the article I have read the cause of banning bitcoin is  because some people are using bitcoin in illegal transacstion.But i hope more countries will understand the good thing and benefits from bitcoin if its happen i think its rate will be increase.

This is not gonna happen.
But if it will happen (in some of parallel universe) the price will go down instantly.